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Europe Daily Bulletin No. 8610

19 December 2003
Contents Publication in full By article 34 / 42
GENERAL NEWS / (eu) eu/state aid
Special tax regime applicable in France for takeovers of ailing companies under General Tax Code is incompatible with European rules

Brussels, 18/12/2003 (Agence Europe) - Following an in-depth study launched in August 2002, the Commission has decided that the special tax regime applicable in France for take-overs of ailing companies is incompatible with the state aid rules laid down in the Treaty and should be ended. Final decision on tax aid for take-overs of ailing companies. The Commission was not notified in advance of this regime, which has been in force since 1989. The General Tax Code provides for total exemption...

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